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Shares of Servicenow Inc Rise to a New 52-Week High

By Nick Russo

Servicenow Inc (NYSE:NOW) traded at a new 52-week high today of $205.27. This new high was reached on below average trading volume as 239,000 shares traded hands, while the average 30-day volume is approximately 1.6 million shares.

Servicenow Inc (NYSE:NOW) is currently priced 9.6% above its average consensus analyst price target of $185.34. Servicenow Inc shares have support at the 50-day moving average (MA) of $188.08 and additional support at the 200-day MA of $165.44.

In the past 52 weeks, shares of Servicenow Inc have traded between a low of $110.17 and a high of $205.27 and are now at $205.06, which is 86% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has risen 0.7%.

ServiceNow, Inc. provides enterprise information technology (IT) management software. The Company designs, develops, and produces prepackaged computer software, cloud services, and IT service management platform. ServiceNow serves customers throughout the United States.

SmarTrend recommended that subscribers consider buying shares of Servicenow Inc on August 9th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $188.42. Since that recommendation, shares of Servicenow Inc have risen 7.6%. We continue to monitor NOW for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows servicenow inc

Ticker(s): NOW